The EBRD is considering providing a syndicated senior loan of up to €18 million to ProCredit Bank Romania (“PCBR”) for on-lending to small and medium enterprises (SMEs) in Romania.
The financing will be structured under the EBRD’s A/B loan scheme. The EBRD will provide up to €5 million from its own account, while another €5 million is expected to be provided on parallel basis by TaiwanICDF and €8 million will be syndicated to the market on a best efforts basis.
The project will increase the availability of medium-term funding for Romanian SMEs as well as will support the competition in the banking sector.
ProCredit Bank Romania (“PCBR”) is a specialist microfinance bank in Romania and a part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally. It is owned by ProCredit Holding, Commerzbank, IFC, KfW, IPC and EBRD.
Up to €5 million as an A-loan.
Up to €11.4 million.
Categorised FI. PCBR will be required to comply with the EBRD’s Performance Requirements for FIs (specifically, PR2 and 9) and implement sub-projects in accordance with the Bank’s Environmental and Social Procedures for Small and Micro Loans. PCBR will also be required to submit annual environmental and social reports to the EBRD.
Dr. Ilinca Rosetti
Chairperson of the Executive Board
ProCredit Bank Romania
Head Office - Fabian Office Center - Bucharest
Phone: +4021 201 6000
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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